Dewey & LeBoeuf's former partners have agreed to pay more than $70m (£44m) towards the defunct firm's settlement plan, far exceeding the $50m (£32m) that advisers to the firm's estate have said they required, reports The Am Law Daily. The settlement, which comes less than three months after the firm declared bankruptcy, is designed to help repay creditors owed some $250m (£159m) in secured debt and at least $300m (£190m) more in unsecured claims.
August 21, 2012 at 06:40 AM
1 minute read
The original version of this story was published on Legalweek
Dewey & LeBoeuf’s former partners have agreed to pay more than $70m (£44m) towards the defunct firm’s settlement plan, far exceeding the $50m (£32m) that advisers to the firm’s estate have said they required, reports The Am Law Daily.
The settlement, which comes less than three months after the firm declared bankruptcy, is designed to help repay creditors owed some $250m (£159m) in secured debt and at least $300m (£190m) more in unsecured claims.
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